After several large increases and historical prices, this Thursday, July 7, the dollar in Colombia he started the day with a drop, although very slight compared to what he has been earning.
The currency opened at 4,335.05 pesos and around 8:30 am, it was trading on average at 4,329 pesos.
(See: Exports: US$22,982.4 million between January and May).
Later, after 8:30, it registered a price of 4,328.47 pesos, 20.21 pesos below the Representative Market Rate (TRM) of the day, which is 4,348.68 pesos.
However, by 10:26 am it registered a rise that put its average price at $4,359.80, which was 11.12 above the TRM.
The currency followed long and even reached 4,400 pesos, a value that was the maximum this Thursday. While the minimum was 4,320 pesos.
In the end, it ended with an average trading price of 4,369.01 pesos, that is, 20.33 pesos above the TRM.
The currency, although it was affected in the days after the first and second presidential rounds, has registered strong rises pressured by the international scenario, in which several Latin American markets, such as Chile, have also seen their currencies devalued to historical values.
(See: Inflation in June reached 9.67%, the highest figure in 22 years).
This is mainly due to the policies of the US Federal Reserve (FED), that is raising interest rates to curb inflation, which has repercussions in world markets and, especially, in emerging countries such as Colombia.
During 2022, the Colombian peso registers a devaluation against the dollar of 9.23% and in the last 12 months the figure is 15.14%.
(See: Banco de la República increases interest rate to 7.5%).
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